The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of Maharashtra for its Margao, Goa branch in South Goa, Margao, Goa, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of Maharashtra located in South Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code MAHB0000083. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of Maharashtra, Margao, Goa, South Goa
Here are some of the key details that come with the IFSC Code MAHB0000083 of Bank Of Maharashtra for its branch located in South Goa, within the district of Margao in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000083 |
| Branch | Margao, Goa |
| City | South Goa |
| District | Margao |
| State | Goa |
| Address | Gomant Vidya Niketan,Abade Farina Rd,P.B.No.29,Margao |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in South Goa for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0000083 for the Margao, Goa branch of Bank Of Maharashtra is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in Margao, Goa, South Goa, Goa, are allotted a unique IFSC like MAHB0000083 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in South Goa.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like South Goa and Margao.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of Maharashtra in Margao, Goa reaches the right place, even though there are thousands of branches in Goa and across India.
Format of the IFSC Code MAHB0000083
The format of the IFSC Code for banks, including Bank Of Maharashtra, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Bank Of Maharashtra, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Margao, Goa in South Goa.
For example, the IFSC Code MAHB0000083 of Bank Of Maharashtra for the Margao, Goa branch includes these elements, identifying the bank and the branch location in South Goa and Goa correctly.
How to Find IFSC Code for Bank Of Maharashtra?
To find the IFSC Code MAHB0000083 of Bank Of Maharashtra for its Margao, Goa branch located in South Goa, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of Maharashtra branches in South Goa and Margao, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of Maharashtra and go to the branch locator section. Then search for Margao, Goa or South Goa to find the exact IFSC Code MAHB0000083.
Mobile Banking App
If you use Bank Of Maharashtra's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Bank Of Maharashtra and South Goa will provide accurate information.
How to Use IFSC Code MAHB0000083 for Online Transfers?
Once you have the IFSC Code MAHB0000083 for the Margao, Goa branch of Bank Of Maharashtra in South Goa, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHB0000083. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0000083.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of Maharashtra Margao, Goa in South Goa, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of Maharashtra in Margao, Goa, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Bank Of Maharashtra website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in South Goa manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0000083.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Gomant Vidya Niketan,Abade Farina Rd,P.B.No.29,Margao located in South Goa, Margao, Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.